Four-Unit Multifamily
6208 Friar Tuck Drive NW, Huntsville, AL 35806
For Sale
$399,000
Each residence has two bedrooms, two full bathrooms, and washer/dryer connections.
Property Size3,924 SF
Price / SF$101.68
Days on Market159
Property Features for 6208 Friar Tuck Drive NW
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Tenant in Place
Amenities
double closets
refrigerator
washer/dryer connections
Building Details
Building Size
Listing Agency:
Alabama Professional Realty
Listed By:
Jing Mathews · License AL #151334
(256) 506-6677
Source:
Intownpartners
Added: Jun 4
Changed: Nov 8
Last Checked: Nov 9 at 2:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Alabama Professional Realty
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Investment Insights
Based on property information with market context.
This four-unit multifamily property in Huntsville offers residences of approximately 995 square feet each. Every unit has two bedrooms, two full bathrooms, double closets, a refrigerator, and washer/dryer connections. All four units were occupied at the time of listing.
The property is near Research Park, Redstone Arsenal, Bridge Street, shopping, dining, and entertainment. Community College is also identified among the nearby destinations.
The property is near Research Park, Redstone Arsenal, Bridge Street, shopping, dining, and entertainment. Community College is also identified among the nearby destinations.
Key Highlights
- Four units, each approximately 995 square feet
- Each unit includes 2 bedrooms and 2 full bathrooms
- Double closets and a refrigerator in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,626
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,520
$572.5K
Cap Rate 7%
$408,943
$408.9K
Cap Rate 9%
$318,067
$318.1K
Market Conditions
NOI Build-Up for 3,924 SF
Gross rent
$49.4K $12.60/SF
− Vacancy
−$8.5K −$2.18/SF
EGI
$40.9K $10.42/SF
− OpEx
−$12.3K −$3.13/SF
NOI
$28.6K $7.30/SF
Area
Huntsville, AL
Vacancy
17.29%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,520
Cap Rate 7%
$408,943
Cap Rate 9%
$318,067
Alternative Uses
Best Use
Multifamily LT 5
$408.9K
$357.8K – $477.1K
NOI $28,626 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$354.1K
$309.8K – $413.1K
NOI $24,786 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$1.02M
$894.1K – $1.19M
NOI $71,527 @ 7.0% cap · market cap 17.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
Explore this area
Business Placement
Demographics for 35806, AL
25,702
Population
14,398
Households
1.8
Avg Household Size
36
Median Age
60%
College-Educated
97%
High-School Grad
25.4 sq mi
ZIP Area
1,012
Density / Sq Mi
$79,338
Median Household Income
$50,458
Median Earnings
$1,287
Median Rent
$318,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Huntsville, AL
Properties on Market for Quadplexes in Huntsville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has two bedrooms, two full bathrooms, and washer/dryer connections.
Where is this quadplex located?
The property is located at 6208 Friar Tuck Drive NW Huntsville, AL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Four units, each approximately 995 square feet; Each unit includes 2 bedrooms and 2 full bathrooms; Double closets and a refrigerator in each unit
